The following data were accumulated for use in reconciling the bank account of Ross Co. for March

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The following data were accumulated for use in reconciling the bank account of Ross Co. for March 20Y9:

a. Cash balance according to the company’s records at March 31, $29,945.

b. Cash balance according to the bank statement at March 31, $29,200.

c. Checks outstanding, $11,600.

d. Deposit in transit, not recorded by bank, $12,400.

e. A check for $240 in payment of an account was erroneously recorded by Ross Co. as $420.

f. Bank debit memo for service charges, $125.

Prepare a bank reconciliation, using the format shown in Exhibit 6.

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Survey of Accounting

ISBN: 978-1285183480

7th edition

Authors: Carl S. Warren

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Question Posted: Mar 11, 2014 10:36 AM

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The following data were accumulated for use in reconciling the bank account of Ross Co. for March

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